Global Sports Medicine Market worth $9.1 billion by 2024 - MarketsandMarkets

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Sports Medicine Market by Product (Body Reconstruction (Arthroscopy devices, Implants), Body Support & Recovery Products (Physiotherapy Equipment, Compression Clothing, Braces & Supports)), Application and Region - Global Forecasts to 2024

(EMAILWIRE.COM, July 05, 2019 ) The report "Sports Medicine Market by Product (Body Reconstruction (Arthroscopy devices, Implants), Body Support & Recovery Products (Physiotherapy Equipment, Compression Clothing, Braces & Supports)), Application and Region - Global Forecasts to 2024", is expected to reach USD 9.1 billion by 2024 from USD 6.6 billion in 2019, at a CAGR of 6.5%.

Growth in the sports medicine market is mainly driven by factors such as the continuous influx of new products &s treatment modalities, the increasing incidence of sports injuries, and developments in the field of regenerative medicine.

Browse 106 market data Tables and 37 Figures spread through 194 Pages and in-depth TOC on "Sports Medicine Market by Product (Body Reconstruction (Arthroscopy devices, Implants), Body Support & Recovery Products (Physiotherapy Equipment, Compression Clothing, Braces & Supports)), Application and Region - Global Forecasts to 2024"

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The body reconstruction products segment is expected to account for the largest share of the sports medicine product market in 2019
On the basis of product, the sports medicine market is segmented into body reconstruction products (fracture & ligament repair products, arthroscopy devices, implants, prosthetics, orthobiologics), body support & recovery products (braces & support, physiotherapy equipment, and compression clothing), and accessories. The body reconstruction products segment held the largest share of the sports medicine market in 2018, while the body support & recovery products segment is projected to register the highest growth during the forecast period. The technological advancements in arthroscopic technologies worldwide and the increasing number of sports injuries are major factors driving market growth for body reconstruction products.

Hip & groin injuries segment is expected to grow at the highest CAGR in the global sports medicine market during the forecast period

North America is expected to dominate the sports medicine market during the forecast period

Geographically, North America is expected to dominate the global sports medicine market in 2018, while the Asia Pacific region is expected to register the highest CAGR during the forecast period. The high growth in this region can be attributed to the growth of the sports industry and overall participation in sports. Sporting events such as the 2008 Beijing Olympics, 2018 Winter Olympics in Korea, and the upcoming 2020 Summer Olympics in Japan have increased the level of interest in sports in Asia.

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